Home Values

Roanoke Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$139,900

  • 6.9% 1-year change
  • 1.9% 1-year forecast

The median home value in Roanoke is $139,900. Roanoke home values have gone up 6.9% over the past year and Zillow predicts they will rise 1.9% within the next year. The median list price per square foot in Roanoke is $116, which is lower than the Roanoke Metro average of $127. The median price of homes currently listed in Roanoke is $159,950 while the median price of homes that sold is $150,950. The median rent price in Roanoke is $834, which is higher than the Roanoke Metro median of $815.

Foreclosures will be a factor impacting home values in the next several years. In Roanoke 4.1 homes are foreclosed (per 10,000). This is greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Roanoke is 4.2%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Roanoke homeowners underwater on their mortgage is 16.3%.

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Relative ZHVI
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Roanoke Market Overview

Data through Sep 30, 2014
  • $139,900 ZHVI
  • 1.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $159,950 Median listing price
  • $150,950 Median sale price
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Roanoke Market Health

Data through Sep 30, 2014
  • 3.1/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 16.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4.1 homes Roanoke
4 homes United States
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Nearby Cities

Name Median ZHVI
Wirtz $237,700
Hardy $211,900
Boones Mill $165,500
Name Median ZHVI
Callaway $161,700
Rocky Mount $136,800
 

Listings & Sales

Data through Sep 30, 2014
  • $116 Median list price / sq ft
  • $114 Median sale price / sq ft
  • 45.9% Listings with price cut
19.8%
Sold below listing
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Roanoke Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $984 Roanoke
    $1,085 Roanoke Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $834 Rent list price
  • $0.79 Rent list price / sq ft
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